The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1887-08-20
CONTINUED nom first page

VI A4it&t ifAt = VI NJ iOn hmtiAtl -tiAIi
on the east side Of the Paint river, in A.
32. A line of test pits were carried south
parallel with the river developing red
states, and on Monday drift was COM
menced on the hill with a northeast
course into the side hill which will be
driven up 10 the huge granite bluff UNI
less ore is found before that is reached
The granite out-crop is on the east side
OF the option and coming out Of the
ground rises almost perpendicularly to a
height OF one hundred feet. On the west
side OF the granite the formation il very
regular and should hold body OF ore
The white schists lay close up to the
bluff, next comes the black and then the
red states. This property was explored
quite extensively many years ago, by
VIM. James, IL il said, but nothing OF
Importance was found, though the indi-
cations OF the existance OF a body Of ore
near at hand were the very best. Mr.
Kimball has taken what he could from
the old workings and attaching them to
n new and original idea, has gone To
work to find the ore, and OF his ultimate
success he is very sanguine. This option
is Immediately east OF the Raher 4
James mine ON the same section on the
east side OF the river.
The market is showing signs OF a
healthy movement and while quotations
are not affected, the volume OF business
transacted is the largest since the begin
ming OF hot weather. Beside inquiries
for $1,000 tons OF Bessemer ores, one
firm reports n sale OF 10000 tons and
three sold 5000 tons each at the full
market price. Buyers are beginning TO
understand that the output OF ore,
while far exceeding that Of last season,
will fall very much short OF expectations
and many who have been holding their
orders in expectation OF a glut in the ore
market and drop in ireights, are now
Fastening TO supply themselves at this
time, lest they should lose the oppor-
tunity OF buying before the usual fall rise
i'm quotations. Ashland charters during
the week commanded 1925 and $3.50
and while few vessels were offered, the
freight market shows signs OF weakening.
The weeks receipts were 50,900 tons AS
against 81 ,75O tons during the cores
ponding week OF last year and the ship
ments OF the week just closed were 49,
$50, compared with 25,S67 tons ship
ped during the corresponding week in
1887. From now on, the shipments will
increase in volume as the starting up OF
many furnaces in the Mahoning and
Shenango valleys will draw upon the
Cleveland supply. We quote:
No Specular and magnetic Besse-
mer ores per tOn...................SI Oo@F Oh
No specnlar mon Bessemerl ores
Beseamer Hematites. ................. & 1906 20
Non Bessemer Hcmatites ............. OOpb 90
Cleveland Iron Trade Review.
Capt. ID. Bundy, exploring for John It.
Jones, Of Iron Mountain, has found iron
ore. The option covers the southeast
quarter OF the southeast quarter OF sec
ton twenty-seven and the north hall OF
the northeast quarter OF section thirty
four, 1892, adjoining The property
joins the Blaney on the south. Awork-
ing shaft has been put down which IL
sixty-three feet south OF the main shalt
nj the Blaney mine, and in this shaft ore
was found at a debth OF about sixteen
feet. which cannot be other than thecon-
tinuation OF the Blaney vein. Other test
pits have been put down, all showing the
same vein matter. There IL hardly ~
question but that large body OF ore IL
there future work, Of course, will only
prove this to be fact. The finding oi
this body OF ore proves conclusively that
the Blaney is n large property, and there
is no reason why the new find should not
he extensive. The ore il OF first class
quality and thought TO be Bessemer.
Some very fine gold bearing sugar
quartz has been found in this township
and range. The finder Is n very reliable
man and claims 60 have the quartz In
large quantities, but will not say much
about IL until he has 1t analysed and
knows Just what he is talking about. He
also remarked that the quartz was not
only found In one locality, but that, no
knows Of several places where sugar
quartz exists in large quantities. Sam
ples ARE now In the hands ofan analytical
chemist and M soon m the result is
made known THE DIAMOND DRLL's
III